Holly Energy Partners, L.P. (NYSE:HEP) Shares Purchased by Guggenheim Capital LLC

Guggenheim Capital LLC raised its holdings in shares of Holly Energy Partners, L.P. (NYSE:HEP – Get Rating) by 8.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,963 shares of the pipeline company’s stock after buying an additional 1,421 shares during the period. Guggenheim Capital LLC’s holdings in Holly Energy Partners were worth $311,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HEP. UBS Group AG lifted its position in Holly Energy Partners by 26.7% during the third quarter. UBS Group AG now owns 1,191,932 shares of the pipeline company’s stock valued at $19,560,000 after buying an additional 250,877 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Holly Energy Partners by 10.9% during the first quarter. Goldman Sachs Group Inc. now owns 899,970 shares of the pipeline company’s stock valued at $15,920,000 after buying an additional 88,387 shares in the last quarter. Bank of America Corp DE lifted its position in Holly Energy Partners by 37.6% during the first quarter. Bank of America Corp DE now owns 267,977 shares of the pipeline company’s stock valued at $4,740,000 after buying an additional 73,180 shares in the last quarter. ING Groep NV acquired a new position in Holly Energy Partners during the third quarter valued at approximately $1,006,000. Finally, Nations Financial Group Inc. IA ADV acquired a new position in Holly Energy Partners during the first quarter valued at approximately $761,000. 25.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on HEP shares. Barclays boosted their target price on shares of Holly Energy Partners from $17.00 to $18.00 in a research report on Tuesday, January 10th. Raymond James boosted their target price on shares of Holly Energy Partners from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, January 23rd. Finally, Citigroup started coverage on shares of Holly Energy Partners in a research report on Thursday, December 8th. They set a “neutral” rating and a $19.00 target price on the stock.

Holly Energy Partners Trading Up 0.3 %

HEP opened at $18.16 on Monday. The stock has a market capitalization of $2.30 billion, a PE ratio of 10.26 and a beta of 0.92. The firm’s fifty day moving average price is $18.69 and its 200 day moving average price is $18.34. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.20 and a quick ratio of 1.20. Holly Energy Partners, L.P. has a 12-month low of $15.12 and a 12-month high of $20.00.

Holly Energy Partners (NYSE:HEP – Get Rating) last posted its quarterly earnings results on Friday, February 24th. The pipeline company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. The firm had revenue of $142.50 million for the quarter, compared to analysts’ expectations of $148.10 million. Holly Energy Partners had a net margin of 39.60% and a return on equity of 23.88%. The firm’s quarterly revenue was up 20.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. As a group, research analysts expect that Holly Energy Partners, L.P. will post 2.07 EPS for the current fiscal year.

Holly Energy Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 13th. Investors of record on Monday, January 30th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, January 27th. This represents a $1.40 annualized dividend and a yield of 7.71%. Holly Energy Partners’s dividend payout ratio is presently 79.10%.

Holly Energy Partners Company Profile

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Holly Energy Partners LP engages in the business of operating a system of petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities and refinery processing units. It operates through Pipelines & Terminals and Refinery Processing Unit segments. The company was founded in 2004 and is headquartered in Dallas, TX.